Betting has nothing on a ladle (5)
I believe the answer is:
spoon
'a ladle' is the definition.
(I've seen this before)
'betting has nothing on' is the wordplay.
'betting' becomes 'sp'.
'has' says to put letters next to each other.
'nothing' becomes 'O' (O resembles 0).
'sp'+'o'+'on'='SPOON'
(Other definitions for spoon that I've seen before include "Cuddle" , "A runcible item of cutlery?" , "Dining utensil" , "cooking utensil" , "Indulge in sentimental courtship - eating utensil" .)